World stocks rose on Thursday after President Donald Trump delayed a tariff hike on $250 billion worth of Chinese goods for two weeks.
“We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th,” Trump tweeted on Thursday night.
The concession followed China delaying duties on 16 specific US imports for a year, and comes ahead of trade talks in October.
Traders will keep a close eye on the European Central Bank’s meeting today, as policymakers are expected to announce an interest-rate cut and stimulus package.
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World stocks rose on Thursday after Donald Trump delayed a planned tariff hike on $250 billion worth of Chinese goods for two weeks. The US president described the move as a “gesture of goodwill” ahead of modern China’s 70th anniversary.
Traders are also optimistic about the outcome of the European Central Bank’s meeting today.
“At the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good …read more
Source:: Businessinsider – Finance